Kotak Mahindra Mutual Fund Raises Stake Above 5% in Park Medi World Limited

Kotak Mahindra Mutual Fund has increased its stake in Park Medi World Limited to just over 5%, acquiring an additional 175,164 shares and raising its holding from approximately 4.9% to 5.03%. This acquisition triggers mandatory disclosure under SEBI regulations. Park Medi World, a North India-based hospital chain with a market capitalization of around Rs 7,840 crore, recently announced plans to acquire KP Institute of Medical Sciences. The stock showed mixed trading activity following the stake increase.